{"id":6406,"date":"2018-08-15T08:50:47","date_gmt":"2018-08-15T08:50:47","guid":{"rendered":"https:\/\/magazine.sinosafe.com.cn\/?p=6406"},"modified":"2018-08-15T08:55:50","modified_gmt":"2018-08-15T08:55:50","slug":"%e7%8b%ac%e8%a7%92%e5%85%bd%e4%b9%9f%e5%8f%af%e4%bb%a5%e7%9b%b4%e6%8e%a5%e4%b8%8a%e5%b8%82%e4%b8%8d%e5%9c%88%e9%92%b1","status":"publish","type":"post","link":"https:\/\/magazine.sinosafe.com.cn\/?p=6406","title":{"rendered":"\u72ec\u89d2\u517d\u4e5f\u53ef\u4ee5\u76f4\u63a5\u4e0a\u5e02\u4e0d\u5708\u94b1"},"content":{"rendered":"<p>\u9ec4\u6e58\u6e90\/\u6df1\u5733<\/p>\n<p><strong>\u5bfc\u8bfb\uff1a<\/strong><br \/>\n<strong>\u524d\u4e8b\u4e0d\u5fd8\uff0c\u540e\u4e8b\u4e4b\u5e08\u3002\u7f8e\u56fdSpotify\u7684\u76f4\u63a5\u4e0a\u5e02\uff0c\u65e0\u8bba\u7ecf\u9a8c\u8fd8\u662f\u6559\u8bad\uff0c\u5bf9\u4e8e\u6211\u4eec\u542f\u52a8\u72ec\u89d2\u517d\u76f4\u63a5\u4e0a\u5e02\uff0c\u90fd\u662f\u96be\u80fd\u53ef\u8d35\u7684\u542f\u8fea\u3002<\/strong><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-6410 alignleft\" src=\"https:\/\/magazine.sinosafe.com.cn\/wp-content\/uploads\/2018\/08\/\u72ec\u89d2\u517d.jpg\" alt=\"\" width=\"300\" height=\"148\" \/>\u72ec\u89d2\u517d\u4e0a\u5e02\uff0c\u662f\u4e0d\u662f\u53ea\u6709IPO\u3001CDR\u8fd9\u4e9b\u5708\u94b1\u4e0a\u5e02\u7684\u8def\u5b50\u8d70\uff1f\u5e76\u4e0d\u662f\uff0c\u8fd8\u6709\u4e0d\u5708\u94b1\u7684\u76f4\u63a5\u4e0a\u5e02\u3002\u81f3\u5c11\u5728\u7f8e\u56fd\uff0c\u5df2\u7ecf\u6709\u4e86\u8fd9\u6837\u7684\u5148\u4f8b\u3002<\/p>\n<p>\u76f4\u63a5\u4e0a\u5e02\u662f\u7ebd\u4ea4\u6240\u6700\u65b0\u4fee\u8ba2\u7684\u9002\u5408\u72ec\u89d2\u517d\u516c\u53f8\u7684\u7279\u6b8a\u4e0a\u5e02\u89c4\u5219\u3002\u4e0e\u4f20\u7edf\u7684\u9996\u6b21\u516c\u5f00\u52df\u80a1(IPO)\u4e0d\u540c\uff0c\u76f4\u63a5\u4e0a\u5e02\u610f\u5473\u7740\u516c\u53f8\u73b0\u6709\u80a1\u7968\u53ea\u9700\u7ecf\u8fc7\u767b\u8bb0\uff0c\u5373\u53ef\u5728\u8d44\u672c\u5e02\u573a\u4e0a\u81ea\u7531\u4ea4\u6613\u3002\u76f4\u63a5\u4e0a\u5e02\u56e0\u4e3a\u4e0d\u53d1\u884c\u65b0\u80a1\uff0c\u5bf9\u5e02\u573a\u6ca1\u6709\u4efb\u4f55\u52df\u96c6\u8d44\u91d1\u7684\u538b\u529b\uff0c\u9664\u4e86\u8058\u8bf7\u8d22\u52a1\u987e\u95ee\u5916\uff0c\u4e5f\u4e0d\u9700\u8981\u4f20\u7edf\u7684IPO\u627f\u9500\u5546\u5e76\u5411\u4ed6\u4eec\u652f\u4ed8\u9ad8\u989d\u7684\u627f\u9500\u8d39\u7528\u3002\u8fd9\u5bf9\u4e8e\u90a3\u4e9b\u539f\u672c\u5df2\u7ecf\u5177\u6709\u8f83\u9ad8\u7684\u54c1\u724c\u77e5\u540d\u5ea6\uff0c\u4e14\u5bf9\u81ea\u8eab\u7684\u5e02\u573a\u4f30\u503c\u6709\u4e00\u5b9a\u4fe1\u5fc3\u7684\u4f01\u4e1a\uff0c\u5c24\u5176\u662f\u72ec\u89d2\u517d\u6765\u8bf4\uff0c\u663e\u7136\u662f\u6709\u5438\u5f15\u529b\u7684\u3002<\/p>\n<p>\u4ee5\u524d\u7f8e\u56fd\u7eb3\u65af\u8fbe\u514b\u867d\u7136\u5e76\u4e0d\u662f\u6ca1\u6709\u51fa\u73b0\u8fc7\u76f4\u63a5\u4e0a\u5e02\u7684\u6848\u4f8b\uff0c\u4f46\u6570\u91cf\u6781\u5c11\uff0c\u800c\u4e14\u4e5f\u4ec5\u9650\u4e8e\u4e00\u4e9b\u4e0d\u51fa\u540d\u7684\u5c0f\u578b\u516c\u53f8\u3002\u53bb\u5e743\u6708\uff0c\u7ebd\u4ea4\u6240\u4fee\u6539\u4e0a\u5e02\u6d41\u7a0b\uff0c\u62df\u5141\u8bb8\u516c\u53f8\u76f4\u63a5\u4e0a\u5e02\u30022018\u5e742\u6708\u521d\uff0c\u7f8e\u56fdSEC\u6279\u51c6\u4e86\u8fd9\u4e2a\u63d0\u6848\u30024\u67083\u65e5\uff0c\u745e\u5178\u4e00\u5bb6\u6210\u7acb\u8fd110\u5e74\u3001\u62e5\u670910\u4ebf\u6708\u6d3b\u8dc3\u7528\u6237\u7684\u97f3\u4e50\u6d41\u5a92\u4f53\u670d\u52a1\u5546Spotify\u6210\u4e3a\u7ebd\u4ea4\u6240\u76f4\u63a5\u4e0a\u5e02\u7684\u7b2c\u4e00\u5bb6\u516c\u53f8\uff0c\u540c\u65f6\uff0c\u4e5f\u5f88\u53ef\u80fd\u6210\u4e3a\u4eca\u5e74\u5728\u7f8e\u56fd\u4e0a\u5e02\u6700\u5927\u89c4\u6a21\u7684\u79d1\u6280\u516c\u53f8\u3002<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-6409 alignleft\" src=\"https:\/\/magazine.sinosafe.com.cn\/wp-content\/uploads\/2018\/08\/Spotify4.jpg\" alt=\"\" width=\"300\" height=\"199\" \/>\u76f4\u63a5\u4e0a\u5e02\u7684Spotify\u80a1\u4ef7\u5728\u7b2c\u4e00\u5929\u4ea4\u6613\u65f6\u5c31\u51fa\u73b0\u4e86\u6ce2\u52a8\u3002\u7ebd\u4ea4\u6240\u8bbe\u7f6e\u7684\u53c2\u8003\u4ef7\u683c\u4e3a132\u7f8e\u5143\uff0c\u4f46\u5f00\u76d8\u4ef7\u53d8\u8df3\u6da8\u8fd126%\u81f3165.9\u7f8e\u5143\uff0c\u622a\u81f3\u6536\u76d8\uff0cSpotify\u80a1\u4ef7\u53c8\u4e0b\u8dcc\u8d8510%\uff0c\u6536\u4e8e149.01\u7f8e\u5143\uff0c\u4e00\u822cIPO\u5f00\u76d8\u7684\u7b2c\u4e00\u5929\u4e0d\u4f1a\u51fa\u73b0\u8fd9\u6837\u7684\u80a1\u4ef7\u6ce2\u52a8\u3002\u4e0d\u8fc7\uff0cSpotify\u6562\u5728\u7f8e\u80a1\u5e02\u573a\u9707\u8361\u7684\u8fd1\u671f\u9009\u62e9\u76f4\u63a5\u4e0a\u5e02\u4e5f\u6709\u81ea\u5df1\u7684\u5e95\u6c14\u3002\u636e\u62db\u80a1\u4e66\u663e\u793a\uff0cSpotify 2017\u5e74\u7684\u8425\u6536\u9ad8\u8fbe41\u4ebf\u7f8e\u5143\uff0c\u867d\u7136\u4ecd\u5904\u4e8e\u4e8f\u635f\u72b6\u6001\uff0c\u4f46\u73b0\u91d1\u6d41\u4f9d\u7136\u5e9e\u5927\uff0c\u6682\u65f6\u6ca1\u6709\u52df\u96c6\u8d44\u91d1\u7684\u9700\u6c42\u3002<\/p>\n<p>Spotify\u6210\u529f\u4e0a\u5e02,\u4e3a\u4f17\u591a\u72ec\u89d2\u517d\u6f14\u793a\u4e86\u4e0a\u5e02\u7684\u53e6\u4e00\u79cd\u5f62\u5f0f\uff1a\u521b\u59cb\u4eba\u3001\u7ba1\u7406\u5c42\u80a1\u4efd\u53ef\u4ee5\u4e0d\u88ab\u53d1\u884c\u65b0\u80a1\u6240\u7a00\u91ca\uff0c\u5458\u5de5\u6240\u6301\u80a1\u7968\u671f\u6743\u53ef\u4ee5\u5feb\u901f\u5151\u73b0\uff0c\u8d22\u52a1\u6295\u8d44\u8005\u53ef\u4ee5\u907f\u5f00\u201c\u9501\u5b9a\u671f\u201d\u5b8c\u6210\u9000\u51fa\u3002\u5bf9\u4e8e\u90a3\u4e9b\u73b0\u91d1\u6d41\u540c\u6837\u5145\u6c9b\u3001\u5e02\u573a\u77e5\u540d\u5ea6\u4e5f\u8db3\u591f\u9ad8\u7684\u72ec\u89d2\u517d\u6765\u8bf4\uff0c\u76f4\u63a5\u4e0a\u5e02\u672a\u5c1d\u4e0d\u662f\u4e00\u6761\u65b0\u8def\u3002<\/p>\n<p>\u4e2d\u56fdA\u80a1\u5728\u9999\u6e2f\u4ea4\u6613\u6240\u63a8\u51fa\u62df\u5141\u8bb8\u540c\u80a1\u4e0d\u540c\u6743\uff0c\u4ee5\u53ca\u5c1a\u672a\u83b7\u5f97\u76c8\u5229\u7684\u751f\u7269\u7c7b\u9ad8\u65b0\u6280\u672f\u4f01\u4e1a\u4e0a\u5e02\u7684\u65b0\u653f\u540e\u4e0d\u4e45\uff0c\u4fbf\u62a2\u5148\u4e00\u6b65\u6279\u51c6\u4e863\u5bb6\u72ec\u89d2\u517dIPO\uff0c\u968f\u540e\u8fd8\u5236\u5b9a\u4e86CDR\u89c4\u5219\uff0c\u4e3a\u4e00\u6279\u5899\u5185\u5f00\u82b1\u5899\u5916\u9999\u7684\u72ec\u89d2\u517d\u94fa\u5e73\u4e86\u56de\u5f52A\u80a1\u7684\u9053\u8def\u3002\u5728\u4e89\u593a\u4f18\u8d28\u4e0a\u5e02\u8d44\u6e90\u7684\u5168\u7403\u8d44\u672c\u5e02\u573a\uff0cA\u80a1\u7ec8\u4e8e\u5411\u7740\u63a5\u8f68\u56fd\u9645\u5316\u6f6e\u6d41\u7684\u76ee\u6807\u8de8\u51fa\u4e0d\u5c0f\u7684\u4e00\u6b65\u3002\u4e0d\u8fc7\uff0c\u65e0\u8bba\u662f\u5df2\u7ecf\u5f00\u59cb\u5e76\u6b63\u5728\u5b9e\u65bd\u7684\u72ec\u89d2\u517dIPO\uff0c\u8fd8\u662f\u672a\u6765\u5373\u5c06\u63a8\u51fa\u7684CDR\uff0c\u4e0d\u4ec5\u4f9d\u7136\u6ca1\u6709\u8d70\u51fa\u4f20\u7edf\u7684\u5708\u94b1\u6a21\u5f0f\uff0c\u5c31\u8fde\u6b64\u524d\u4ece\u7f8e\u56fd\u9000\u5e02\u5e76\u56de\u5f52A\u80a1\u7684\u72ec\u89d2\u517d360\uff0c\u4e5f\u5728\u5b9e\u73b0\u4e86\u501f\u58f3\u4e0a\u5e02\u4e0d\u4e45\uff0c\u5c31\u629b\u51fa\u4e86\u4e00\u4e2a\u91d1\u989d\u4e0d\u83f2\u7684\u5b9a\u589e\u518d\u878d\u8d44\u8ba1\u5212\u3002\u8fd9\u7b49\u540c\u4e8e\u867d\u7136\u597d\u4e0d\u5bb9\u6613\u8fdb\u5165\u4e86IPO\u65b0\u5e38\u6001\uff0c\u4f46\u8fd9\u4e2a\u65b0\u5e38\u6001\u4e0d<img decoding=\"async\" class=\"size-full wp-image-6407 alignleft\" src=\"https:\/\/magazine.sinosafe.com.cn\/wp-content\/uploads\/2018\/08\/Spotify2.jpg\" alt=\"\" width=\"300\" height=\"196\" \/>\u4ec5\u662f\u4ee5\u6d88\u9664\u5830\u585e\u6e56\u7684\u540d\u4e49\uff0c\u5343\u65b9\u767e\u8ba1\u903c\u8feb\u6392\u961f\u4f01\u4e1a\u77e5\u96be\u800c\u9000\u6765\u5b9e\u73b0\uff0c\u540c\u65f6\uff0c\u4e5f\u662f\u9760\u6bcf\u6279\u6b21\u878d\u8d44\u603b\u989d\u4fdd\u6301\u5728\u51e0\u5341\u4e2a\u4ebf\uff0c\u6bcf\u5bb6IPO\u7684\u878d\u8d44\u6c34\u5e73\u53ea\u6709\u8fd1\u5341\u4ebf\u7684\u5c0f\u6253\u5c0f\u95f9\u6765\u7ef4\u6301\u7684\u3002\u5047\u5982\u52a8\u8f84\u6570\u5341\u4ebf\u751a\u81f3\u6570\u767e\u4ebf\u7684\u72ec\u89d2\u517dIPO\u548cCDR\u6e90\u6e90\u4e0d\u65ad\u5730\u8fdb\u5165A\u80a1\u5e02\u573a\uff0c\u4e0d\u4ec5\u5bf9\u5e02\u573a\u7684\u8d44\u91d1\u627f\u53d7\u529b\u662f\u4e00\u4e2a\u6781\u5927\u8003\u9a8c\uff0c\u5e7f\u5927\u6295\u8d44\u8005\u5c24\u5176\u662f\u4f9d\u7136\u8fd8\u5904\u4e8e\u5f31\u52bf\u5730\u4f4d\u7684\u4e2d\u5c0f\u6295\u8d44\u8005\u4f1a\u4e0d\u4f1a\u9762\u4e34\u88ab\u5272\u97ed\u83dc\u7684\u98ce\u9669\uff0c\u8fd9\u662f\u8c01\u4e5f\u8bf4\u4e0d\u5b9a\u7684\u4e8b\u3002<\/p>\n<p>\u5982\u679c\u72ec\u89d2\u517d\u4e5f\u80fd\u591f\u5728A\u80a1\u76f4\u63a5\u4e0a\u5e02\uff0c\u7b2c\u4e00\u4e2a\u4f5c\u7528\u5c31\u662f\u5bf9\u72ec\u89d2\u517d\u4e0a\u5e02\u5c24\u5176\u975e\u5f97\u5927\u5708\u7279\u5708\u5176\u6570\u5341\u4ebf\u3001\u6570\u767e\u4ebf\u4e0d\u53ef\u7684\u56fa\u6709\u601d\u7ef4\u5b9a\u5f0f\u7684\u5426\u5b9a\u3002\u5982\u679c\u72ec\u89d2\u517d\u4e5f\u53ef\u4ee5\u4e0d\u5708\u94b1\u800c\u76f4\u63a5\u4e0a\u5e02\uff0c\u7ba1\u7406\u5c42\u53c8\u4f55\u5fc5\u975e\u5f97\u8fd0\u7528\u81ea\u5df1\u7684\u884c\u653f\u6743\u529b\uff0c\u786c\u903c\u7740\u72ec\u89d2\u517d\u5bf9\u878d\u8d44\u76ee\u6807\u6253\u6298\u6253\u6298\u518d\u6253\u6298\u5462\uff1f\u5f53\u7136\uff0c\u4e3a\u4e86\u5316\u89e3\u5bcc\u58eb\u5eb7\u90a3\u6837\u7684\u8d85\u7ea7\u541e\u91d1\u517d\u52a8\u8f84\u6570\u767e\u4ebf\u7684\u5708\u94b1\u9700\u6c42\uff0c\u800c\u500d\u8d39\u5fc3\u601d\u5730\u8bbe\u8ba1\u51fa\u4e00\u5957\u975e\u5e38\u590d\u6742\u7684\u878d\u8d44\u5206\u6d41\u65b9\u6848\uff0c\u751a\u81f3\u5c06\u65e9\u5df2\u6401\u7f6e\u4e86\u591a\u5e74\u7684\u6218\u7565\u6295\u8d44\u8005\u65b9\u6848\u4e5f\u91cd\u65b0\u501f\u6765\u4e00\u7528\uff0c\u4e5f\u5c31\u66f4\u52a0\u6ca1\u6709\u5fc5\u8981\u3002\u4e0e\u5176\u6253\u4e86\u4e94\u516d\u6298\u751a\u81f3\u5206\u6d41\u81f3\u56db\u5206\u4e94\u88c2\uff0c\u8fd8\u4f9d\u7136\u4e0d\u5f97\u4e0d\u5e94\u5bf9\u6570\u5341\u4ebf\u751a\u81f3\u6570\u767e\u4ebf\u7684\u5708\u94b1\u538b\u529b\uff0c\u8ba9\u4e60\u60ef\u4e86\u5c0f\u6765\u5c0f\u53bb\u4e00\u6b21\u4e0d\u8d85\u8fc7\u5341\u4e2a\u4ebf\u7684A\u80a1\u5e02\u573a\u6bcf\u6bcf\u90fd\u5728\u80c6\u6218\u5fc3\u60ca\uff0c\u5982\u4f55\u5bf9\u5708\u94b1\u673a\u5236\u6765\u4e2a\u91dc\u5e95\u62bd\u85aa\u7684\u5f7b\u5e95\u9769\u547d\uff1f\u81f3\u5c11\u5728\u76ee\u524d\u76f4\u63a5\u4e0a\u5e02\u8fd8\u662f\u76f8\u5f53\u5b64\u7acb\u4e2a\u6848\u7684\u5e02\u573a\u6761\u4ef6\u4e0b\uff0c\u76f4\u63a5\u4e0a\u5e02\u7684\u4e0d\u5708\u94b1\uff0c\u4e0d\u7b49\u4e8e\u6240\u6709\u7684\u72ec\u89d2\u517d\u90fd\u6709\u53ef\u80fd\u4e0d\u9700\u8981\u901a\u8fc7\u8d44\u672c\u5e02\u573a\u53bb\u878d\u8d44\uff0c\u66f4\u4e0d\u53ef\u80fd\u4e00\u4e0b\u5b50<img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-6411 alignleft\" src=\"https:\/\/magazine.sinosafe.com.cn\/wp-content\/uploads\/2018\/08\/\u72ec\u89d2\u517d2.jpg\" alt=\"\" width=\"300\" height=\"124\" \/>\u5c31\u98a0\u8986\u4f20\u7edf\u7684\u4e0a\u5e02\u6d41\u7a0b\uff0c\u5c06\u90a3\u4e9b\u4e3a\u5708\u94b1\u800c\u4e0a\u5e02\u7684\u72ec\u89d2\u517dIPO\u548cCDR\u7ed9\u6211\u4eec\u6240\u5e26\u6765\u91cd\u4e0a\u52a0\u91cd\u7684\u538b\u529b\u6d88\u9664\u6b86\u5c3d\u3002\u4f46\u662f\uff0c\u5bf9\u4e8e\u6b63\u5728\u6218\u6218\u5162\u5162\u5730\u63a5\u8f68\u5e02\u573a\u5316\u5168\u7403\u5316\u7684A\u80a1\u5e02\u573a\u6765\u8bf4\uff0c\u54ea\u6015\u53ea\u662f\u5f00\u4e86\u4e00\u4e1d\u7ec6\u5fae\u7684\u95e8\u7f1d\uff0c\u5982\u679c\u7531\u6b64\u8ba9\u4eba\u4eec\u80fd\u591f\u770b\u5230\u4e00\u4e2a\u6709\u53ef\u80fd\u4e0d\u5fc5\u4e3a\u72ec\u89d2\u517d\u5de8\u5927\u5708\u94b1\u538b\u529b\u800c\u53d1\u6101\u4e0d\u5df2\u7684\u65b0\u51fa\u8def\uff0c\u8d77\u7801\u4e5f\u53ef\u4ee5\u79f0\u5f97\u4e0a\u5728\u9ed1\u6697\u4e2d\u770b\u5230\u4e86\u5149\u660e\u548c\u5e0c\u671b\u3002<\/p>\n<p>\u5982\u679c\u72ec\u89d2\u517d\u4e5f\u80fd\u591f\u5728A\u80a1\u76f4\u63a5\u4e0a\u5e02\uff0c\u5927\u80a1\u4e1c\u548c\u7ba1\u7406\u5c42\u5bf9\u81ea\u5df1\u6240\u6301\u6709\u80a1\u4efd\u7684\u5904\u7f6e\u5c31\u6709\u4e86\u771f\u6b63\u610f\u4e49\u4e0a\u7684\u81ea\u4e3b\u6743\u3002\u5728\u8fd9\u4e4b\u524d\uff0c\u4f20\u7edfIPO\u7684\u539f\u59cb\u80a1\u4e1c\u5373\u4f7f\u5728\u7f8e\u56fd\uff0c\u5728\u4e00\u5b9a\u65f6\u671f\u5185\u4e5f\u4e0d\u80fd\u8f7b\u6613\u51fa\u552e\u5176\u6301\u6709\u7684\u80a1\u7968\u5728\u4e8c\u7ea7\u5e02\u573a\u5957\u73b0\u3002\u7ebd\u4ea4\u6240\u548c\u7eb3\u65af\u8fbe\u514b\u89c4\u5b9a\u201c\u9501\u5b9a\u671f\u201d\u4e3a6\u4e2a\u6708\u30026\u4e2a\u6708\u8fc7\u540e\uff0c\u80a1\u4e1c\u6bcf3\u4e2a\u6708\u53ef\u4ee5\u51fa\u552e\u7684\u80a1\u4efd\u6570\u989d\u4e0d\u80fd\u8d85\u8fc7\u540c\u7c7b\u5df2\u53d1\u884c\u80a1\u4efd\u76841%\u62164\u5468\u5185\u5e73\u5747\u4ea4\u6613\u91cf\uff0c\u4e14\u8981\u4e8b\u5148\u5411SEC\u62a5\u5907\u3002\u5728\u6211\u56fd\uff0c\u8fd9\u79cd\u201c\u9501\u5b9a\u671f\u201d\u66f4\u662f\u957f\u8fbe\u4e00\u4e8c\u5e74\uff0c\u751a\u81f3\u4e09\u5e74\u4e4b\u591a\u3002\u76f4\u63a5\u4e0a\u5e02\u610f\u5473\u7740\u5927\u80a1\u4e1c\u548c\u7ba1\u7406\u5c42\u5982\u679c\u5bf9\u81ea\u5df1\u7684\u516c\u53f8\u6709\u4fe1\u5fc3\uff0c\u5f53\u7136\u4e0d\u4f1a\u8f7b\u6613\u51cf\u6301\u6240\u6301\u7684\u80a1\u4efd\u3002\u5373\u4f7f\u4ed6\u4eec\u4e5f\u6709\u53ef\u80fd\u4e3a\u4e86\u67d0\u79cd\u9700\u8981\uff0c\u5305\u62ec\u4e2a\u4eba\u6d88\u8d39\u6216\u6295\u8d44\u65b9\u9762\u800c\u6709\u6240\u51cf\u6301\uff0c\u90a3\u4e5f\u662f\u81ea\u7531\u652f\u914d\u81ea\u5df1\u8d22\u5bcc\u7684\u5e94\u6709\u6743\u5229\uff0c\u540c\u65f6\u4e5f\u662f\u4f53\u73b0\u5176\u80a1\u4e1c\u4ef7\u503c\u968f\u7740\u4e0a\u5e02\u516c\u53f8\u4f30\u503c\u7684\u63d0\u5347\u800c\u6709\u6240\u5347\u503c\u7684\u5fc5\u7136\u9014\u5f84\u3002\u5047\u5982\u5176\u6240\u5728\u516c\u53f8\u53d1\u751f\u67d0\u79cd\u8d44\u91d1\u9700\u6c42\uff0c\u6216\u6709\u53e6\u5916\u7684\u6295\u8d44\u8ba1\u5212\uff0c\u4ee5\u80a1\u7968\u6362\u8d44\u91d1\uff0c\u4e5f\u4e3a\u80a1\u4e1c\u548c\u7ba1\u7406\u5c42\u5bf9\u81ea\u5df1\u7684\u516c\u53f8\u4f38\u51fa\u63f4\u624b\u521b\u9020\u4e86\u66f4\u597d\u7684\u6761\u4ef6\u3002\u5728\u8fd9\u65b9\u9762\uff0c\u4ed6\u4eec\u8fd0\u7528\u53d8\u73b0\u8d44\u91d1\u7684\u80fd\u529b\uff0c\u6216\u4e5f\u6709\u53ef\u80fd\u5e76\u4e0d\u4e9a\u4e8e<\/p>\n<div id=\"attachment_6412\" style=\"width: 310px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-6412\" class=\"size-full wp-image-6412\" src=\"https:\/\/magazine.sinosafe.com.cn\/wp-content\/uploads\/2018\/08\/\u72ec\u89d2\u517d3.jpg\" alt=\"\" width=\"300\" height=\"205\" \/><p id=\"caption-attachment-6412\" class=\"wp-caption-text\">\u6f2b\u753b \u5f00\u95f8<\/p><\/div>\n<p>\u5728\u4f20\u7edfIPO\u5f62\u5f0f\u4e2d\u53ef\u52df\u96c6\u5230\u7684\u8d44\u91d1\u6c34\u5e73\u3002\u6bd5\u7adf\uff0c\u5bf9\u4e8e\u90a3\u4e9b\u8d44\u672c\u5145\u8db3\u7684\u516c\u53f8\u6765\u8bf4\uff0c\u5b83\u4eec\u771f\u6b63\u9700\u8981\u7684\u5c31\u662f\u6d41\u52a8\u6027\u3002<\/p>\n<p>\u5728\u76f4\u63a5\u4e0a\u5e02\u7684\u6761\u4ef6\u4e0b\uff0c\u4e0e\u5176\u52c9\u4e3a\u5176\u96be\u5730\u786c\u6027\u89c4\u5b9a\u201c\u9501\u5b9a\u671f\u201d\uff0c\u8fd8\u4e0d\u5982\u987a\u6c34\u63a8\u821f\u5730\u9ed8\u8ba4\u5927\u80a1\u4e1c\u548c\u7ba1\u7406\u5c42\u4ee5\u66f4\u4e3a\u76f8\u5bf9\u6709\u6548\u7684\u5e02\u573a\u5316\u51cf\u6301\u65b9\u5f0f\uff0c\u987a\u5176\u81ea\u7136\u5730\u5316\u89e3\u975e\u6d41\u901a\u80a1\u7684\u201c\u5830\u585e\u6e56\u201d\u3002\u65e0\u8bba\u5982\u4f55\uff0c\u5728\u9700\u8981\u51cf\u6301\u7684\u65f6\u5019\u5c31\u660e\u7740\u6765\u51cf\u6301\uff0c\u603b\u6bd4\u53d8\u7740\u6cd5\u5b50\uff0c\u751a\u81f3\u5077\u5077\u6478\u6478\u5730\u8fdd\u89c4\u51cf\u6301\uff0c\u8981\u5149\u660e\u6b63\u5927\u5f97\u591a\uff0c\u5bf9\u5e02\u573a\u7684\u51b2\u51fb\u4e5f\u53ef\u80fd\u4f1a\u5c0f\u5f97\u591a\u3002<\/p>\n<p>\u5f53\u7136\uff0c\u53ea\u8981\u76f4\u63a5\u4e0a\u5e02\u8fd8\u6ca1\u6709\u6539\u53d8\uff0c\u5176\u4f9d\u7136\u8fd8\u53ea\u80fd\u662f\u4e2a\u522b\u6027\u8d28\u7684\u4e2a\u6848\uff0c\u4e0a\u8ff0\u8fd9\u79cd\u6bd4\u8f83\u7406\u60f3\u5316\u7684\u5e02\u573a\u5316\u51cf\u6301\u6548\u679c\uff0c\u5728\u76f8\u5f53\u957f\u7684\u65f6\u95f4\u5185\u8fd8\u53ea\u80fd\u8d77\u5230\u6709\u9650\u7684\u793a\u8303\u6548\u5e94\u3002\u53d8\u793a\u8303\u4e3a\u666e\u904d\uff0c\u4f9d\u7136\u9700\u8981\u65f6\u95f4\uff0c\u4e5f\u8981\u4ed8\u51fa\u66f4\u591a\u65b9\u9762\u7684\u52aa\u529b\u3002\u4e0d\u8fc7\uff0c\u5b83\u8d77\u7801\u8ba9\u6211\u4eec\u770b\u5230\u4e86\u89e3\u51b3\u8fd9\u4e00\u95ee\u9898\u7684\u53ef\u80fd\u6027\uff0c\u770b\u5230\u4e86\u8f83\u597d\u89e3\u51b3\u95ee\u9898\u7684\u65b9\u5411\uff0c\u4ee5\u53ca\u4e0e\u4e4b\u76f8\u9002\u5e94\u7684\u5177\u4f53\u65b9\u5f0f\u3002\u8fd9\u5bf9\u4e8e\u6211\u4eec\u7684\u5e02\u573a\uff0c\u65e0\u7591\u662f\u5f88\u91cd\u8981\u7684\u3002<\/p>\n<p>\u76f4\u63a5\u4e0a\u5e02\u5e76\u4e0d\u662f\u4e00\u70b9\u95ee\u9898\u4e5f\u6ca1\u6709\u3002\u800c\u8fd9\u4e9b\u95ee\u9898\uff0c\u5728\u67d0\u79cd\u610f\u4e49\u4e0a\uff0c\u4e0e\u76f4\u63a5\u4e0a\u5e02\u7684\u4e0d\u5708\u94b1\u4e5f\u662f\u5206\u4e0d\u5f00\u7684\u3002\u4ece\u4ea4\u6613\u6240\u89d2\u5ea6\u6765\u770b\uff0c\u4e3a\u4e0d\u9700\u8981\u5728\u516c\u5f00\u5e02\u573a\u52df\u96c6\u8d44\u91d1\u7684\u72ec\u89d2\u517d\u63d0\u4f9b\u53e6\u4e00\u79cd\u4e0a\u5e02\u9009\u62e9\uff0c\u4e5f\u4f7f\u4ea4\u6613\u6240\u53d7\u76ca\u3002\u4f46\u5bf9\u4e8e\u56e0\u6b64\u800c\u4e0e\u6709\u53ef\u80fd\u62e5\u6709\u66f4\u9ad8\u4f30\u503c\u4ef7\u503c\u7684\u4f01\u4e1a\u5931\u4e4b\u4ea4\u81c2\u7684\u5238\u5546\u6295\u884c\uff0c\u662f\u523b\u9aa8\u94ed\u5fc3\u7684\u96be\u8a00\u4e4b\u75db\u3002\u6b64\u5916\uff0c\u7531\u4e8e\u8fd9\u4e9b\u516c\u53f8\u80a1\u7968\u6216\u8bc1\u5238\u6d41\u52a8\u6027\u5c06\u4f4e\u4e8e\u901a\u8fc7\u4f20\u7edfIPO\u6d41\u7a0b\u53d1\u884c\u80a1\u7968\u7684\u516c\u53f8\uff0c\u516c\u4f17\u6295\u8d44\u8005\u5728\u83b7\u5f97\u76f4\u63a5\u6295\u8d44\u4e8e\u6b64\u7c7b\u516c\u53f8\u7684\u96be\u5f97\u673a\u4f1a\u7684\u540c\u65f6\uff0c\u4e5f\u53ef\u80fd\u5730\u5c06\u81ea\u5df1\u7f6e\u4e8e\u4e0d\u786e\u5b9a\u6027\u7684\u5c40\u9762\u4e2d\u3002\u4f8b\u5982\uff0c\u4e00\u65e6\u4e0a\u5e02\u540e\u4ef7\u683c\u7092\u9ad8\uff0c\u539f\u6709\u80a1\u4e1c\u7406\u8bba\u4e0a\u53ef\u4ee5\u4e0d\u53d7\u7ea6\u675f\u5730\u5feb\u901f\u62bd\u8eab\u800c\u53bb\uff0c\u800c\u4e00\u4e0d\u5c0f\u5fc3\u6210\u4e86\u63a5\u76d8\u4fa0\u7684\u6295\u8d44\u8005\u5c06\u60c5\u4f55\u4ee5\u582a\uff1f\u518d\u8bf4\uff0c\u5728\u6301\u80a1\u6bd4\u4f8b\u4e0d\u5bb9\u6613\u88ab\u644a\u8584\u7684\u6761\u4ef6\u4e0b\uff0c\u4e0a\u5e02\u901f\u5ea6\u5feb\u7684\u597d\u5904\u4e3b\u8981\u662f\u539f\u80a1\u4e1c\u6240\u4eab\u6709\u7684\uff0c\u5bf9\u4e8e\u770b\u597d\u516c\u53f8\u524d\u666f\u5374\u53c8\u96be\u5f97\u6709\u673a\u4f1a\u5165\u95e8\u7684\u6295\u8d44\u8005\u6765\u8bf4\uff0c\u5982\u679c\u518d\u53ea\u80fd\u9694\u7740\u73bb\u7483\u770b\u82b1\uff0c\u53c8\u6709\u4ec0\u4e48\u610f\u4e49\u5462\uff1f<\/p>\n<p>\u5230\u5e95\u6709\u4ec0\u4e48\u65b9\u6cd5\u6709\u52a9\u4e8e\u8f83\u597d\u89e3\u51b3\u76f4\u63a5\u4e0a\u5e02\u8fd9\u79cd\u4e0e\u751f\u4ff1\u6765\u7684\u5148\u5929\u6027\u7f3a\u9677\uff1fSpotify\u7684\u5238\u5546\u987e\u95ee\u4e3a\u6b64\u63d0\u51fa\u4e86\u5efa\u8bae\uff0c\u5e94\u5f53\u629b\u51fa\u4e00\u4e9b\u80a1\u4efd\u7ed9\u5e02\u573a\u6765\u6709\u6548\u7684\u7ba1\u7406\u6d41\u52a8\u6027\uff0c\u5e76\u4e14\u8981\u786e\u4fdd\u6709\u5145\u8db3\u7684\u6d41\u901a\u80a1\u4efd\uff0c\u6765\u9632\u6b62\u6d41\u52a8\u6027\u6324\u5151\u5bfc\u81f4\u7684\u80a1\u4ef7\u504f\u79bb\u6b63\u5e38\u8303\u56f4\u3002\u5982\u679c\u539f\u5148\u505a\u5b9a\u4ef7\u53d1\u884c\u7684\u627f\u9500\u5546\u8f6c\u53d8\u4e3a\u53cc\u5411\u62a5\u4ef7\u7684\u505a\u5e02\u5546\uff0c\u5219\u4e0a\u5e02\u516c\u53f8\u539f\u80a1\u4e1c\u5982\u679c\u80fd\u5c06\u4e00\u5b9a\u6bd4\u4f8b\u7684\u80a1\u4efd\u8f6c\u8ba9\u7ed9\u4ed6\u4eec\uff0c\u65e0\u8bba\u4ece\u54ea\u65b9\u9762\u6765\u8bf4\uff0c\u90fd\u5c06\u6709\u5229\u4e8e\u5728\u505a\u5e02\u4ea4\u6613\u7684\u8fc7\u7a0b\u4e2d\u5bfb\u6c42\u4e00\u4e2a\u5747\u8861\u4ef7\u683c\u6765\u53d1\u73b0\u516c\u53f8\u7684\u771f\u6b63\u4ef7\u503c\u3002<\/p>\n<p>\u524d\u4e8b\u4e0d\u5fd8\uff0c\u540e\u4e8b\u4e4b\u5e08\u3002\u7f8e\u56fdSpotify\u7684\u76f4\u63a5\u4e0a\u5e02\uff0c\u65e0\u8bba\u7ecf\u9a8c\u8fd8\u662f\u6559\u8bad\uff0c\u5bf9\u4e8e\u6211\u4eec\u542f\u52a8\u72ec\u89d2\u517d\u76f4\u63a5\u4e0a\u5e02\uff0c\u90fd\u662f\u96be\u80fd\u53ef\u8d35\u7684\u542f\u8fea\u3002\u5728\u4e0d\u5708\u94b1\u7684\u5927\u524d\u63d0\u4e0b\uff0c\u5982\u4f55\u907f\u514d\u3001\u514b\u670d\u4efb\u4f55\u6709\u53ef\u80fd\u5f71\u54cd\u751a\u81f3\u635f\u5bb3\u5176\u6295\u8d44\u4ef7\u503c\u7684\u4e0d\u5229\u56e0\u7d20\uff0c\u65e2\u662f\u5df2\u7ecf\u76f4\u63a5\u4e0a\u5e02\u7684\u7f8e\u56fdSpotify\u6240\u9700\u8981\u66f4\u597d\u89e3\u51b3\u7684\u95ee\u9898\uff0c\u4e5f\u662f\u6211\u4eec\u4e00\u65e6\u542f\u52a8\u72ec\u89d2\u517d\u76f4\u63a5\u4e0a\u5e02\u6240\u65e0\u6cd5\u56de\u907f\u7684\u95ee\u9898\u3002\u7814\u7a76\u5e76\u89e3\u51b3\u597d\u8fd9\u4e2a\u95ee\u9898\uff0c\u5bf9\u4e8e\u6211\u4eec\u5728A\u80a1\u5e02\u573a\u66f4\u597d\u5730\u95ef\u51fa\u4e00\u6761\u201c\u72ec\u89d2\u517d\u201d\u4e0d\u5708\u94b1\u76f4\u63a5\u4e0a\u5e02\u7684\u65b0\u8def\u5b50\uff0c\u6709\u7740\u66f4\u73b0\u5b9e\u7684\u5fc5\u8981\u6027\u3002\u65e0\u8bba\u5982\u4f55\uff0c\u201c\u72ec\u89d2\u517d\u201d\u4e0d\u5708\u94b1\u800c\u76f4\u63a5\u4e0a\u5e02\uff0c\u5e76\u4e0d\u662f\u7eb8\u4e0a\u8c08\u5175\uff0c\u5b83\u4e0d\u4ec5\u503c\u5f97\u6211\u4eec\u53bb\u63a2\u7d22\uff0c\u4e5f\u5e94\u8be5\u662f\u8981\u505a\u5230\u7684\u3002<\/p>\n<p>\uff08\u4f5c\u8005\u7cfb\u72ec\u7acb\u64b0\u7a3f\u4eba\uff0c\u8d44\u6df1\u8d22\u7ecf\u8bc4\u8bba\u4eba\u58eb\uff09<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u9ec4\u6e58\u6e90\/\u6df1\u5733 \u5bfc\u8bfb\uff1a \u524d\u4e8b\u4e0d\u5fd8\uff0c\u540e\u4e8b\u4e4b\u5e08\u3002\u7f8e\u56fdSpotify\u7684\u76f4\u63a5\u4e0a\u5e02\uff0c\u65e0\u8bba\u7ecf\u9a8c\u8fd8\u662f\u6559\u8bad\uff0c\u5bf9\u4e8e\u6211\u4eec\u542f\u52a8\u72ec\u89d2\u517d\u76f4\u63a5\u4e0a\u5e02\uff0c\u90fd\u662f\u96be\u80fd\u53ef\u8d35\u7684\u542f\u8fea\u3002 \u72ec\u89d2\u517d\u4e0a\u5e02\uff0c\u662f\u4e0d\u662f\u53ea\u6709IPO\u3001CDR\u8fd9\u4e9b\u5708\u94b1\u4e0a\u5e02\u7684\u8def\u5b50\u8d70\uff1f\u5e76\u4e0d\u662f\uff0c\u8fd8\u6709\u4e0d\u5708\u94b1\u7684\u76f4\u63a5\u4e0a\u5e02\u3002\u81f3\u5c11\u5728\u7f8e\u56fd\uff0c\u5df2\u7ecf\u6709\u4e86\u8fd9\u6837\u7684\u5148\u4f8b\u3002 \u76f4&hellip;<\/p>\n","protected":false},"author":9,"featured_media":6414,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/magazine.sinosafe.com.cn\/index.php?rest_route=\/wp\/v2\/posts\/6406"}],"collection":[{"href":"https:\/\/magazine.sinosafe.com.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magazine.sinosafe.com.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magazine.sinosafe.com.cn\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/magazine.sinosafe.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6406"}],"version-history":[{"count":1,"href":"https:\/\/magazine.sinosafe.com.cn\/index.php?rest_route=\/wp\/v2\/posts\/6406\/revisions"}],"predecessor-version":[{"id":6413,"href":"https:\/\/magazine.sinosafe.com.cn\/index.php?rest_route=\/wp\/v2\/posts\/6406\/revisions\/6413"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/magazine.sinosafe.com.cn\/index.php?rest_route=\/wp\/v2\/media\/6414"}],"wp:attachment":[{"href":"https:\/\/magazine.sinosafe.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magazine.sinosafe.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magazine.sinosafe.com.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}